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Shareholders' Equity | 9 Months Ended
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Jul. 04, 2015
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | Shareholders’ Equity The changes in shareholders’ equity for the nine months ended July 4, 2015 are summarized as follows:
|  |  |  | Number of Shares
|  | Amount |  | Class A Common Stock |  | Class B Common Stock
COMMON STOCK |  |  |  |  |  |
Beginning of period |  | $ | 51,280 |  |  | 43,627,531 |  |  | 7,652,182 |
Conversion of Class B to Class A |  | — |  |  | 11,087 |  |  | (11,087 | )
End of Period |  | 51,280 |  |  | 43,638,618 |  |  | 7,641,095 |
ADDITIONAL PAID-IN CAPITAL |  |  |  |  |  |
Beginning of period |  | 463,965 |  |  |  |  |
Equity-based compensation expense |  | 4,569 |  |  |  |  |
Issuance of treasury shares |  | (4,460 | ) |  |  |  |
Adjustment to market - SECT, SERP and other |  | 7,524 |  |  |  |  |
End of period |  | 471,598 |  |  |  |  |
RETAINED EARNINGS |  |  |  |  |  |
Beginning of period |  | 1,447,911 |  |  |  |  |
Net earnings |  | 103,689 |  |  |  |  |
End of period |  | 1,551,600 |  |  |  |  |
TREASURY STOCK |  |  |  |  |  |
Beginning of period |  | (360,445 | ) |  | (5,806,702 | ) |  | (3,319,038 | )
Issuance of treasury shares |  | 15,897 |  |  | 541,695 |  |  | — |
Purchase of treasury shares |  | (295,110 | ) |  | (4,116,739 | ) |  | (4,583 | )
End of period |  | (639,658 | ) |  | (9,381,746 | ) |  | (3,323,621 | )
STOCK EMPLOYEE COMPENSATION TRUST (SECT) |  |  |  |  |  |
Beginning of period |  | (48,458 | ) |  |  |  | (710,841 | )
Issuance of shares |  | 7,328 |  |  |  |  | 100,000 |
Purchase of shares |  | (12,121 | ) |  |  |  | (169,063 | )
Adjustment to market |  | (1,818 | ) |  |  |  | — |
End of period |  | (55,069 | ) |  | — |  |  | (779,904 | )
SUPPLEMENTAL RETIREMENT PLAN (SERP) TRUST |  |  |  |  |  |
Beginning of period |  | — |  |  |  |  | — |
Purchase of shares |  | (7,328 | ) |  |  |  | (100,000 | )
Adjustment to market |  | 267 |  |  |  |  | — |
End of period |  | (7,061 | ) |  | — |  |  | (100,000 | )
ACCUMULATED OTHER COMPREHENSIVE LOSS |  |  |  |  |  |
Beginning of period |  | (206,838 | ) |  |  |  |
Other comprehensive income (loss) |  | (52,832 | ) |  |  |  |
End of period |  | (259,670 | ) |  |  |  |
TOTAL SHAREHOLDERS' EQUITY |  | $ | 1,113,020 |  |  | 34,256,872 |  |  | 3,437,570 |
The changes in AOCI, net of tax, by component for the nine months ended July 4, 2015 are as follows:
|  | Accumulated foreign currency translation |  | Accumulated retirement liability |  | Accumulated (loss) on derivatives |  | Total
AOCI at beginning of period |  | $ | 9,254 |  |  | $ | (214,984 | ) |  | $ | (1,108 | ) |  | $ | (206,838 | )
Other comprehensive income (loss) before reclassifications |  | (68,212 | ) |  | 3,348 |  |  | (900 | ) |  | (65,764 | )
Amounts reclassified from AOCI |  | — |  |  | 11,640 |  |  | 1,292 |  |  | 12,932 |
Other comprehensive income (loss) |  | (68,212 | ) |  | 14,988 |  |  | 392 |  |  | (52,832 | )
AOCI at end of period |  | $ | (58,958 | ) |  | $ | (199,996 | ) |  | $ | (716 | ) |  | $ | (259,670 | )
The amounts reclassified from AOCI into earnings are as follows:
|  |  |  | Three Months Ended |  | Nine Months Ended
|  | Statement of earnings classification |  | July 4, 2015 |  | June 28, 2014 |  | July 4, 2015 |  | June 28, 2014
Retirement liability: |  |  |  |  |  |  |  |  |  |
Prior service cost (credit) |  |  |  | $ | 25 |  |  | $ | 26 |  |  | $ | 73 |  |  | $ | (105 | )
Actuarial losses |  |  |  | 6,093 |  |  | 4,374 |  |  | 18,362 |  |  | 13,116 |
Reclassification from AOCI into earnings |  | 6,118 |  |  | 4,400 |  |  | 18,435 |  |  | 13,011 |
Tax effect |  |  |  | (2,254 | ) |  | (1,622 | ) |  | (6,795 | ) |  | (4,795 | )
Net reclassification from AOCI into earnings |  | $ | 3,864 |  |  | $ | 2,778 |  |  | $ | 11,640 |  |  | $ | 8,216 |
Derivatives: |  |  |  |  |  |  |  |  |  |
Foreign currency forwards |  | Sales |  | $ | (33 | ) |  | $ | — |  |  | $ | 3 |  |  | $ | (192 | )
Foreign currency forwards |  | Cost of sales |  | 93 |  |  | 406 |  |  | 1,011 |  |  | 1,368 |
Interest rate swaps |  | Interest |  | 322 |  |  | 137 |  |  | 1,062 |  |  | 279 |
Reclassification from AOCI into earnings |  | 382 |  |  | 543 |  |  | 2,076 |  |  | 1,455 |
Tax effect |  |  |  | (157 | ) |  | (206 | ) |  | (784 | ) |  | (623 | )
Net reclassification from AOCI into earnings |  | $ | 225 |  |  | $ | 337 |  |  | $ | 1,292 |  |  | $ | 832 |
The amounts deferred in AOCI related to derivatives are as follows:
|  |  |  | Net deferral in AOCI of derivatives - effective portion
|  |  |  | Three Months Ended |  | Nine Months Ended
|  | Statement of earnings classification |  | July 4, 2015 |  | June 28, 2014 |  | July 4, 2015 |  | June 28, 2014
Foreign currency forwards |  | Sales |  | $ | 677 |  |  | $ | — |  |  | $ | 276 |  |  | $ | 3 |
Foreign currency forwards |  | Cost of sales |  | (641 | ) |  | 994 |  |  | (68 | ) |  | (554 | )
Interest rate swaps |  | Interest |  | (62 | ) |  | (552 | ) |  | (1,823 | ) |  | (743 | )
Net gain (loss) |  |  |  | (26 | ) |  | 442 |  |  | (1,615 | ) |  | (1,294 | )
Tax effect |  |  |  | 266 |  |  | (167 | ) |  | 715 |  |  | 490 |
Net deferral in AOCI of derivatives |  | $ | 240 |  |  | $ | 275 |  |  | $ | (900 | ) |  | $ | (804 | )

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C + Details
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